Required:

Prepare an extract of the Cash Flow Statement for the year ended 30 June 2020 showing Cash Flows from Operating Activities AND Cash Flows from Financing Activities. Show all workings.

The financial statements for Waverley Ltd are provided below: Waverley Ltd Comparative Balance Sheet As at 30 June 2019 and 2020- 20194 202014 Assets Cash At Bank 167,000+ 215,0004 Accounts Receivable- 213,0004 158,000 Inventory 68,000 73,000+ Prepaid Rent- 4,0004 5,0004 Buildings 320,0004 350,000+ Accumulated Depreciation - Buildings (108,000) (132,000+ Equipment 67,000 78,000.- Accumulated Depreciation - Equipment: (25,000) (26,000) 706,0004 721,000++ Liabilities Accounts Payable- 236,0004 228,00040 Dividend Payable- 12,000 13,000 2 Salary Payable- 18,000 20,0004 Tax Payable 16,000+ 17,000++ Bank Loan- 158,000 171,000+ 440,000+ 449,000 Equity Capital 170,000 164,00042 Retained Earnings 96,0004 108,0004 266,000+ 272,000++ H t + + + + + Waverley Ltd Income Statement- For the Year Ended at 30 June 2020- Sales- 1,000,00044 COGS (450,000) Gross Profit 550,000+ Profit on sale of Equipment: 2,000 2 Rente 42,000 Salarye 400,000 Interest 12,0004 Depreciation Expense - Buildings 13,000 Depreciation Expense - Equipment 15,000- (482,000 Net Profit before Tax 70,000.- Less Taxation expense- (21,000) Net Profit 49,000 de 4 1 + 41